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Cybersecurity CEO Exposes $1B Text Scam on National TV

Frequency Holdings CEO Rick Jordan breaks down $1 billion text scam on NewsNation, revealing sophisticated smishing attacks and calling for mobile carrier accountability in cybersecurity protection.

This news matters because text message scams represent one of the fastest-growing threats to consumer financial security, with Americans losing billions annually to sophisticated smishing attacks. As mobile devices become increasingly central to daily life and financial transactions, the vulnerability to these targeted fraud schemes affects virtually every smartphone user. The discussion highlights the critical need for both individual awareness and systemic protections from mobile carriers, while also showcasing how cybersecurity expertise is evolving to address human behavioral vulnerabilities rather than just technical weaknesses. For businesses and consumers alike, understanding these emerging threats is essential for protecting personal and financial information in an increasingly digital world where criminals employ corporate-level strategies to exploit trust and urgency.